Once again, there is a “Bitcoin Halving” in the next few months. What exactly does this mean, and why does it make many bitcoin users excited? Let us explain some information and ideas that are going around. What is the bitcoin halving? TLDR: The inflation rate of bitcoin goes down. Bitcoin transactions are grouped into […]
While people around the world are celebrating the dawn of a new decade of 2020, bitcoin users around the world are excited to celebrate bitcoins 11th anniversary of the Genesis block. Yes, you read that correctly, bitcoin is officially 11 years old, time flies when you are having fun! At approximately 18:15:05 UTC on 3 […]
We have already done articles on bitcoin cloud mining and also bitcoin mining in South Africa, and other bitcoin schemes in South Africa, and how it is NOT something people should rush into. Please beware of any scheme in the name of bitcoin, mining or cryptocurrencies which assure any form of fixed return. No fixed […]
Have you decided to start bitcoin mining in South Africa? Are you wanting to make lots of money mining bitcoin? You might need think carefully about how much money you are willing to risk, as bitcoin mining is a very risky business. (Please also see our articles on Cloud Mining and Mining schemes in South […]
The question of how to ‘join bitcoin’ or ‘invest’ in bitcoin in South Africa, is a common one, usually from someone looking for the next way to make fast money, not from someone genuinely interested in bitcoin, the Blockchain, or crypto currencies in general. (Please also see our articles on Cloud Mining and Mining schemes […]
What exactly is the bitcoin halving? There is a limited supply of bitcoins. There will never be more than 21 million bitcoins ever, and this will never change. Bitcoin is a deflationary store of value with a limited supply, like a digital version of gold, and unlike regular currencies. With normal fiat currency central banks […]
Bitcoin cloud mining usually refers to the process of Bitcoin mining using the shared processing power of a bitcoin miners at a remote data center (Leased hashing power). Instead of owning your own physical bitcoin mining hardware on your premises, you pay for bitcoin mining power provided by a bitcoin cloud mining company. Bitcoin mining […]
